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by those who are loaning us money will erode. we won't be able to control that time, but one thing we know is that when it comes, it will come quickly. it's a scary thought. we see greece. we see europe. you saw this week spain and italy. and you see a problem of debt, de-leveraging, for which they have no answer, and then we see what happened this week in terms of the security of the united states in terms of our own finances, and what you realize is that we're the best looking horse in the glue factory. [ laughter ] we're the only rosebud that isn't starting to wilt. and so our -- the comfort that we've experiencing today is really based on a relative comfort based on how the world is viewed everywhere else but here. europe's troubles will give us a reprieve, but they won't solve our problems. that's why leadership is so important, and -- and let me step aside for a minute. all the republican candidates in the primary i knew. i knew them well, from newt gingrich, to ron paul, to tim pawlenty, to rick santorum, and as a conservative i endorsed mitt romney. and as a physician i want to tel
one of the real stalwarts in the u.s. senate. i'm honored to be here, senator tom coburn is the person i'm privileged to introduce. he and his wife carolyn have a great history in oklahoma for all of the accomplishments in their lives. of course one of the greatest would be their three children and six grandchildren. outside of that, mr. coburn and his wife are both graduates of oklahoma state university and i'm sure along with t. boone pickens they want to see a national championship come their way. senator coburn has a track record of a lot of wins in other areas. these wins would be found with his family, faith, business, formerly he was in the u.s. house, then the senate, and as a medical doctor. he's a man of integrity. people know that he is a man of his word, when he says he's going to do something, he does it. when he pledged he was going to be in the house for six years he lived up to that term limits pledge and i think he was the only republican to ever hold the seat up 'til that time in the previously democratic second district of oklahoma and then he was elected as we know
issuings. but i don't think europe will put us in a whole. experts make up only two percent of american gdp. if you see the u.s. banks pull back on lending we'll have problems. >> to victoria's point. then europe and china matter more on the u.s. economy. what do you think? >> i think we were so burned by the 2008 melt down that many people didn't see we overdo the threat on the horizon. victoria is right. it takes a couple of 10ths of a point and we are perilous close to a rescission. i don't think it is a big event. rick, they are worried about the fiscal christs and we have a capitol strike going on. u.s. treasuriers saying we are parking 50 percent of the debt in u.s. backings. isn't that poor of problem. >> we hear the bad news and it makes us nervous . victoria hit the fact on the nose. two percent of the gdp comes from the sales.own yes, recessin highly unlikely. what does worry me. u.s. banks have far more exposure to the european front than we are told. it is a credit crunch we could do without. >> i think mike hasn't heard the news yet. the u.s. housing market bottomed on tuesday
minutes. >> thank you, orval, and senator for joining us today for our conversation about ian bremmer's wonderful new book. this book is about the g-0 world. he is a fabulous political scientist who really speaks to the big major changes underway in the world today, getting beyond the ivory tower. he has been making some money, which come as a fellow political scientist, i think this is a great tribute, but it also shows how politics and government are really driving so much of the global economy, so that the economists knowledge is really not sufficient, even for investors, as well as ordinary citizens to understand where we are going. this book is very interesting, we have this new concept of the g-0 world. it is really about the problem of global cooperation. it is not so much a book about the competition among nations. it is about the kind of leadership in the world today. i wanted to start off they may be telling us you really think that the united states has been an effective leader up until now, and that it is really -- it is really a loss of american leadership that this book
christs and we have a capitol strike going on. u.s. treasuriers saying we are parking 50 percent of the debt in u.s. backings. isn't that poor of problem. >> we hear the bad news and it makes us nervous . victoria hit the fact on the nose. two percent of the gdp comes from the sales. slow down yes, recession highly unlikely. what does worry me. u.s. banks have far more exposure to the european front than we are told. it is a credit crunch we could do without. >> i think mike hasn't heard the news yet. the u.s. housing market bottomed on tuesday . more good news, because costs are low in the u.s. we are bringing manufacturing back to the u.s.. there is a 50-50 chance we'll repeal obama care. >> not a chance. >> greece is about the size of connecticut and maybe it will not affect the u.s. economy. if our banks had taken the time to shore up the balance sheet. you think what matters most is washington d.c. policy. who is going to be elected president is going to matter a lot . what is happening in congress is a big wild card here . europe, i am not as worried about europe. i agree w
should be dedicated and i don't know how any of us can say with the proper number of children to be medicated would be. how many hundreds of thousands would be the right number. i just hope that in so far as kids are getting this care that it's done in a sensitive way, and in a way that is as productive and helpful for their long-term development as possible. >> guest: there is a serious problem of abuse of occasions of stimulants that gets a lot of media attention, doesn't necessarily help in terms of understanding why kids are being prescribed medication. it does however point to the pressures that are bearing down on these kids they feel like we have to be sort of superhuman. to what extent do you think we can in white society for kids mental health problems? should we be indicting society? should we have a biological view and see these kids will be having problems no matter what? where do you come down thinking about that? .. >> yes. that is his takeover if the child is impaired not functioning as they should be to let them go on that way. >> it is fascinating. the book sh
say chinese authorities aren't transparent about their spending. the u.s. and japan and other countries are concerned about china's military muscle. the chinese government has been more aggressive in its campaign to force the claim over disputed islands in the region. analysts say it is partly intended to keep other countries in check over the disputes. >>> analysts are sounding the alarm about the naval buildup. their annual white paper says recent actions by chinese authorities are a grave concern for east asia and the rest of the world. this year's report says china's defense budget increased by 30 times over the past 24 years. defense officials believe the growth is from building aircraft carriers and say chinese leaders are dispatching war ships more frequently to the south china sea and east china sea. the latter is home to the senkaku islands. which both china and taiwan claim. the wipe paper claims ownership. defense officials will submit the report to the cabinet and then release it to the public by the end of this month. public anger over the deployment of military a
condition. it was the worst mass shooting in the u.s. since the killings of 32 people at virginia tech five years ago. we'll have more on the store after the headlines. syrian rebels continue to make gains on the regime of bashar al-assad, seizing a number of border crossings with neighboring iraq and turkey. opposition fighters overrun government forces at two major crossings, including one controlling the vital trade route on the damascus to baghdad highway. meanwhile, the syrian government says the country's intelligence chief, hisham ikhtiyar, has died from injuries sustained in wednesday's bombing of a high- level meeting in damascus, making him the fourth assad regime insider to die in the attack. and it's the violence, the united nations is warning 1 million syrians are now believed to be internally displaced, double the previous estimate. the fighting continues in syria one day after russia and china vetoed a security council resolution threatening new sanctions on the syrian regime. russia and china say they took action over demands for the inclusion of penalties under chapter seve
is cooling, we look at what the slowdown means for u.s. corporate earnings, and the global economy. >> susie: and one company is making a big push into china, marriott international, a look at its latest earnings and strategy. >> tom: that and more tonight on "n.b.r.!" >> tom: markets were clearly disappointed today the federal reserve does not seem ready to act right away to boost the economy. minutes from the fed's june meeting show only a few policy makers wanted to expand a bond buying program known as quantitative easing to lower interest rates and boost the economy. but as darren gersh reports this is now really a question of timing. >> reporter: the fed was not willing to give markets an immediate monetary fix, but the latest readings from its policy making committee show a couple more lukewarm reports on the labor market might change that. >> and if these employment reports are still weak like this last one, i think a strong case could be made for the fed to expand its balance sheet and try to support the economy more. so, at that point it will be clear that the recovery has stalled
>> greg: true. >> kimberly: thank you for spending time with us. tune in tomorrow for the fabulous fourth of july special. west point hell cat, dunk tank and wings. you don't want to mess it. see you back here tomorrow. ♪ >> john: another u.s. apology. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier. pakistan in the seven-month long blockade in the boarder with afghanistan that cost the american taxpayer $2 billion. it took an american apology which the pentagon and the administration have said for months would not be forthcoming. national security correspondent jennifer griffin has details. >> reporter: the apology came from hillary clinton in a phone call to pakistan foreign minister. "we are sorry for the losses suffered by pakistani military. we are committed to working closely to pakistan and afghanistan to prevent this from ever happening again." for seven months, the white house, state department and pentagon said they would not apologize for the cross-border shooting incident on novembe november 26 that left 24 pakistani troops
.n. security council after russia and china, again, exercised their veto power. the u.s. ambassador t tthe united nations says russia and china are protecting the syrian president and that thousands of civilians uld die as a result. susan rice spoke after the russian and chinese representatives at u.n. security council vetoed the latest resolution on the conflict in syria. the draft would have permitted nonmilitary sanctions if president assad's government refused to stop using heavy artillery within ten days and the resolution called for a 45-day extension of the u.n. cease-fire observers mission. the current term expires on friday. it's a third time russia and china have vetoed u.n. resolutions on syria. >> the security council has failed utterly. this is another dark day in turtle bay. one can only hope that one day, before too many thousands more die, that russia and china will stop protecting assad and allow -- >> western nations are expected to try to dlaft another resolution to extend the mission of the u.n. cease-fire observers. u.n. secretary general ban ki-moon regrets the securi
the globe take action to boost their sagging economies. should more be done in the u.s.? >> susie: i'm susie gharib. getting new medicines to market faster. speeding up the government's drug approval process. why investors and patients are on board. >> tom: and "made in america" tonight, a craft beer company brewing up a national expansion. >> susie: that and more tonight on "n.b.r."! >> susie: the global economy was the hot topic in markets around the world today. central banks in europe, the u.k., and china announced moves to boost growth. the european central bank lowered interest rates to an all-time low. china cut several key interest rates for the second time in a month. and the bank of england held its rates steady, but said it will pump billions of dollars into its economy through a new round of bond buying. here in the u.s., some hopeful signs for the weak job market. private employers added 176,000 new workers to their payrolls in june, stronger than the previous month. and the labor department said the number of people filing for unemployment benefits dropped by 14,000 in the past
in the managed index funds, gus, good to have you on the program, thank you for joining us on the program. >>> thank you. >> so we got the jobs numbers out on friday, the unemployment rate at 8.2%, the number of jobs created, another big disappointment. 80 thousand jobs, what did you expect? and what do you think it tells us about the economy right now. >> well, the adp number came out the day before, people were very excited about the number, which was up. in fact when the labor department number came out it was really off a little bit from where people had previously expected it to be, a little bit of disappointment. it didn't surprise us. we expected weakness throughout the summer, we think the economy will start to improve in the latter part of the year, perhaps the latter part of the third quarter and fourth quarter. >> and as the economy has gotten worse, the federal reserve says we will be there if more stimulus is needed. we saw global moves, the bank of england and china, what is your outlook on the global economy? and is it all up to the feds at this point? >> well, i think it n
the farm bill and it already passed the u.s. senate and a scheduled vote wednesday on a repeal of the affordable care act known as obama care following the ruling last week by the supreme court. it is sunday, july 8 and will begin with our focus on u.s. foreign policy and hillary clinton who is in tokyo today for a series of talks on the u.s./nato role in afghanistan or the next decade. will get your calls and comments about u.s. foreign policy generally and the performance of the secretary of state, hillary clinton specifically. our phone lines are open -- you can join the conversation on our twitter page and facebook. or send us an e-mail. there are a couple of articles related to the secretary of state and this one is from cbs news. she beat the former record held by madeleine albright. there is this from "the l.a. times." she was asked about corruption in the country. she said it is a major challenge to meet the standards of accountability and transparency. the exchange came during this unannounced stopover by the secretary of state. even if her words or encouraging, many i
here. what can you tell us? >> maria, it is the guidance, intel guiding to the current quarter being $4.3 billion. the street -- $14.3 billion, the street was looking for 14.6. also full year guidance, intel is saying they expect growth in the 3 to 5% range. they had set high single digits so they are guiding down for a full year, 2012 will have to wait for the interview with stacy smith who will be on our air shortly to find out exactly why they are guiding down. and europe, asia, it's tough out there. >> it's not a surprise. we saw a number of technology names in recent weeks guide down as well talking about a tougher environment in europe and margin pressure. >> tough environment in north america also. i d.c. came out with numbers recently showing the major pc makers having a lot of trouble, particularly hp, maintaining its first place ranking among pc makers but ludsing quite a few pc sales as well. the corporate refresh cycle, saying slowing down. all of that probably hitting intel. in the past they have been able to outrun that based on growth and emerging markets, particularly in
the u.s. taxpayer estimated $2.1 billion to fly supplies needed by u.s. and nato troops through the northern central asian corridor. truck convoy backed up at the border were attacked. pakistanis close the c.i.a. air base used for drone strikes and demanded $5,000 per vehicle that passed through the border. so what changed? pakistani dropped fees for each truck passing through the border and the u.s. apologize u.s. apologized. some say pakistan gained more from the break through. >> it has been able to obtain the u.s. apology, obtain that relations have improved between the two countries without takes those difficult steps of going after the sanctuary, getting the taliban to play a positive role of reconciliation talks. >> pakistan new prime minister indicated another motivation for opening the supply line. the exit of the u.s. forces from afghanistan. he said in a statement today. >> john: what else request fig do pakistanis get for opening up supply route? >> $1.1 billion in combat support funds that the u.s. frozen and will now process. pakistan's ambassador insisted the agre
.4% in the second quarter. there's a surprise 2.2% jump in inflation. >> hsbc is to post a jump. >> u.s. investors are looking ahead to a busy week. >>> okay. so welcome to the first trading day of the week. we're weighted to the upside one hour in the trading session for europe. after of course big rallies on the last few trading sessions of last week. the ftse 100 down half percent last week but up 2% the last three trading days. up 4.68% in the last three trading days. ftse 100 up. dax up two-thirds. the ibex today up another 1.75%. italy has got an auction out this morning. the auction focusing on -- i was going to show you three. but we got five and ten years very much in auction as well. 5.97% is where the ten year is trading. auction last month, the yield was 6.19%, lower today. the italian five year trading 5.28 at auction last month they hit 5 policy 84. auctioning up to 5.5 billion. yields in spain remain at 6.649%. hundred basis points lower. ten year bunds up to 1.4%. treasuries hit a record low. big week with the fed and employment report and of course the ecb, bank of england as well
, and he applies the brakes or uses the steering wheel to avoid the accident. >> host: why are you up here on capitol hill? what's the importance of showing this to politicians? >> guest: first of all, we think today everyone is distracted driving. we want people to be safer, we want to expose our -- [inaudible] to capitol hill. we think there are many people who can leverage that technology in order to help us save lives, to help us spread the word out there and to, you know, the families and the drivers -- >> host: is mobileye yet available? >> guest: mobileye is available for the consumers. right now we are working with several retail chains, and we are getting more and more into the retail market, and definitely. anyone who wants the system can e-mail us at mobileye.com, we'll hook him up with an installer. >> host: isaac litman is the ceo of mobileye here at the consumer electronics show in washington. stephanie lundberg is with the ford motor company, and you have a display here at the consumer electronics show. why is ford at this tech show? >> guest: essentially, ford is a technolo
>> welcome to the "journal." >> welcome. >> here is what we have coming up. >> u.s. treasury secretary timothy geithner comes to germany to talk about the european crisis. >> no ending to the fighting in of 0h. france calls for an urgent meeting of the u.n. security council. >> it trial begins in moscow. a fight between the president and an all-female punk band. >> well, it is usually a playground for germany's rich and famous, but today it was the scene of high end diplomacy in the eurozone debt crisis. >> the u.s. treasury secretary swept into the north sea island to see his german counterpart wolfgang scheuble who is on vacation there. >> the markets are hoping that a game-changer in the crisis could be on the way. that is after mario draghi promised last week to do all it takes to stabilize the euro. >> germany's finance minister cannot of charlie's get the debt crisis during his summer break. u.s. treasury secretary timothy geithner called on wolfgang short life ensued, to urge germany to work together with other eurozone states to resolve the crisis and boost confidence
, as investors and traders are counting on central banks in europe and the u.s. to announce moves next week to stimulate the global economy. here's why they're feeling confident. the heads of france and germany said today they are ready to take bolder steps to deal with the region's debt problems. in a statement they said they determined to do everything to protect the euro area. their comments came a day after the president of europe's central bank said he was prepared to do quote "whatever it takes to preserve the euro" and to ease borrowing costs for spain and italy. all this comes as federal reserve chairman bernanke has been hinting that the fed is stands ready to stimulate the u.s. economy and policymakers could do just that when they meet on tuesday in washington. with so much help potentially on the way, the dow skyrocketed almost 190 points, closing above the psychologically important 13,000 level. the nasdaq jumped 65 points and the s&p rose 26 points. for thweek, the jor averag were a up or more and one market strategist says the markets are what's driving action in europe. >> t
in the foreseeable future. >> all right. stephane, thanks for that. joining us now for the first half of today's program, will oswald. thanks for joining us. how quickly is this unraveling? what's the next stage of this story? >> one of the things that we've been talking about for really some time now is that globally we're talking about something that looks a bit like a deleveraging black hole. what we mean by that you got across multiple different economies both in the private and public sector you got very large amount of debt levels that you need to bring down but of course over multiple years. this idea that we can get some quick adjustment, we have the process that goes through, everything is moving forward isn't going to happen. so when we look at a country like spain, if we look at it on a standalone basis, what can we do, looking at it in isolationist is the wrong way. spain is not sustainable. this is a workout process on a multiyear horizon. what provides you to step over "from the edge" is support whether it comes from the troika, they are going to greece this week, the ecb steppin
is in effect a war on crumbs instead of the often used phrase on drugs. how do you respond to his remarks? >> well, i think the first thing that we have to recognize is that the majority of people who are caught up in the criminal justice system and who are prosecuted for this type of offense for possession offenses and to some degree possession for sale offenses, the vast majority are indigent people and the vast majority of those indigent people are people of color. so what you have are two systems in place. you have a system where privileged white middle class people basically use drugs, college campuses, frat parties, not clubs, they use drug with impunity, they don't have to worry about being caught. then you have a system that comes down like a ton of bricks on indigent poor people and that's one of the reasons why i think this type of reform is a positive first step because if you aren't going to make drug possession illegal, at least make it a misdemeanor and not a felony. at least don't stigmatize and label an entire population of people as felons and prevent them from getting ho
with the war on drugs was leading us in the wrong direction. the impact that it had and not only in communities -- quite frankly in our entire community was creating a situation which doesn't necessarily make us any safer and frankly, i think we have criminalized an area i think should be really looked upon as a health issue more than as a criminal issue, and i think consequently, a lot of the solutions we have tried in the last 2 1/2 decades have taken us to a place where today we cannot afford it economically. i can tell you that socially we have been broken for many years, but now the economic peace of it has come to play and that's probably why, quite frankly, we are reacting. i think we can deal with being socially bankrupt much easier than we can deal with being economically bankrupt. i think now we've come to the point where there's an intersection between the two. having said that, i also think it's important to recognize simply taking people that are broken, because most of the people that have drug addictions are people that are broken, and just simply releasing them on to the streets
have the composite euro zone out for us. on the urow zone p mi, 47.6. it was 47.2 was the full cost, and then slightly better than we thought on that. the july manufacturing was 44.1. that was 45.3 was the forecast. so the new orders, 42.9, that's weaker than 43.5 in july. the flash composite pmi is 46.4 and the manufacturing component dragging that down versus the 46.5 we might have expected and 46.4 in june. so up matching the june level. joining us in the studio is chris williamson, chief economist at market which helped to compile the data. thanks for joining us. let's kick it off with the german number there, because that's weaker aacross the board than we might have thought, and the new orders contracted for the third month in a row. no signs of any stabilization in a contractionary levels. >> indeed the contraction is getting more severe. that's the key to all surveys out this morning. that german number is coming down. there's some blurring of the data by what's going on in france at the moment. the only area that we saw across the euro zone that saw any sort of improvement
european blue chips including novartis. >>> positive earnings outlooks from u.s. tech giants ibm, e-bay and qualcomm. >>> smartphone tablet marketers power the world's big jegest ch makers. >> media reports say credit deutsche bank and hsbc are being investigated over alleged libor actions. >>> okay. so another show is under way this morning. >> you already had quite a busy day. >> kind of fascinating to me that this new launch of an exchange in london, in new york you had nyse and london will have more direct competition. >> what they will do, they will get companies that are already listed in europe and get them to come. >> easier to do it that way. >> so they get another pool of investors. something big has already start this morning. >> what do you mean? >> the opening championship. >> with golf. okay. >> under way. tiger tees off in 40 minutes. >> we'll bring that to you live. >> the lower house of parliament is due to vote on the spanish bailout. >> chinese banks boost lending in july. they plan to subsidize overseas development. we will find out where the money is flowing. >>
>> clayton: thanks for joining us, tomorrow on the show, have you heard of this guy, running for student council. join us for the "after the show" show. >> alisyn: and massachusetts senator scott brown will be here and tune in for the "after the show" show. >> clayton: happy national ice cream day. >> jamie: good morning, a "fox news alert" for you. iran is threatening world supply of oil, the u.s. is taking this one very seriously. the rogue reggie regime saying it will block the gateway to the gulf and a narrow waterway known that's strait of hormuz and tehran says it will act if it feels its security is threatened. what does that mean? good morning, everyone i'm jamie colby, great to have you here. >> eric: i'm eric sean on this sunday morning, welcome to america's news headquarters. we know the strait of hormuz is a vital waterway, about 20%, 1/5 of the world's oil supply passes through the narrow strait. the lifeblood of many nations. now iran again vowing to increase its naval presence in international waters and even claiming it is developing a long range missile that
syrian government forces have their guns trained on oppositions in the commercial capital. u.s. state department officials are among those who believe the soldiers are preparing to attack aleppo. ban ki-moon used the site of a massacre in boss nia to call for an end to the civil war. jun takahashi reports. >> reporter: ban key man wrapped up his tour of the former yugoslavia by visiting a city that saw the worst of the war there. he visited srebrenitzah to remember the past but also to warn of what's happening else where right now. >> international community failed to to provide the necessary protection for many people who were killed at the time when they needed our support. >> reporter: troops were stationed in the area as u.n. peacekeepers, but they were outgunned and outmanned. boss knowian serb troops overran srebrenitzah in july, 1995. they separated man and boys from women and girls. then they slaughtered 8,000 of them on a remote mountainside. 17 years on, people in srebrenitzah are reminded of the massacre almost daily. scientists are still trying to find the remains o
strategy what about the u.s. and the impact? my conversation with one of the most powerful women in the world. the international monetary fund christine lagarde, talking about america. >>> and a nation of wusses, what current politicians are afraid to say. why nobody is making the tough changes they need to make, "the wall street journal report" begins right now. >> here is a look at what is making news as we head into a new week on wall street, we had another disappointing jobs number to report, the economy add'd just 80,000 jobs in the month of june, well below expectations. the unemployment rate held steady at 8. %. it made the economy the weakest for job growth in two years, adding just 75,000 per month, a third of the jobs created in the first quarter. well, that drove the markets down at the open on friday after hitting their highest level since early may during the holiday shortened week. >> bob i do mond is out after he resuned after the bank admitted to fixing a key interest rate. i can mond is an american, largely credited with expanding barclay's revenue. >>> ford was
romney's running mate. we'll get the latest from u.s. campaign trail. >>> buy whatever the fed buys, whatever that might be as we chief to fixed income strategy at wells fargo advisers at 11:15 cmt. >>> shares in credit suisse are trading higher after they boost by 15 million francs. and carolyn is with us, she's on set. >> it would be handy if you were in zurich today. >> it would have been handy but you never know when the companies prerelease. credit suisse was slated to report those earnings next thursday. today because of what it is trying to do, it's trying to dispel downs about its capital levels. let me give you a little background because last month credit suisse bank came out in national stability report and criticized credit suisse about feeble capital levels saying it needs to raise capital levels. we saw shares trading at a 20-year low. we saw significant declines there. and credit suisse over the coming weeks has been trying to reassure investors about its capital levels came out with a statement saying second quarter was profitable. today, we've got that prerelease as
. there is tension between the u.s. and iran. a spokesperson for the fifth fleet of the u.s. navy says sailors issued repeated warnings to the fishing boat, but small vessel continued to race toward the ship. the crew then fired on the boat. uae government officials told media in the emirates that the victim was an indian man. the closing down the bottle neck between the persian gulf and the arabian sea, iranian authorities often dispatch high-speed boats in the gulf to intimidate u.s. vessels on patrol. china's business practices are coming under international scrutiny. the world trade organization ruled that a chinese company rules a my massachusetnoply. the u.s. filed a complaint with the world trade body in 2010. in the ruling, the wto says china discriminates against foreign banks by providing china union pay with a monopoly in processing of electronic payments denominated in 9 the chinese currency. kirk said the decision will help u.s. companies and increase american jobs as more efficient credit and debit payment systems in china enable consumers to buy more goods. he added that china should h
. i believe 1506 begins to take us in that direction and why i'm supporting and why i'm here today. [applause] >> i'm wondering if you might be able to place this in a larger context for us, you heard george gascon's remarks. are they shared by folks in other states who have moved towards a similar type measure? >> there are a growing small but growing number of other district attorneys around the country in albany county, new york, in philadelphia, in atlanta, dallas, who are really beginning to break ranks with the broader d.a.'s associations and call for various types of reforms for the drug laws and drug enforcement. i think that the -- one of the contexts that's so important here and people so often lose sight of is that this bill, 1506, is a small effort in the state of california and in the country of the united states to try to roll back the horrendous rates of incarceration that have happened in this country over the last 30 years. i mean, that's the context, right? the united states, i think most of you know these numbers now, but we're less than 5% of the world's populat
ammunition, assault rifles and shells for a 12-gauge shotgun. >> authorities tell us in the apartment they found a batman poster and mask associated with the series and comic book series. we heard from a gun range owner in the area who says james holmes applied to his gun range and it was an odd application. when he called to confirm, the answering machine left a weird message and he put up a red flag but james holmes never showed up to complete the application process. we're told the first funerals are being planned for friday and over the weekend. >> adam housley live in colorado. thank you. >>> the massacre prompted talk about gun control. dug mckelly explains now it's mostly just talk. >> a moment of silence today and reading of victims' names. >> jesse chilldress. >> the senate reconvened for the first time since the massacre. calling for calls to restrict high capacity magazines. >> it's big clips, 100 rounds. you cannot get to him to dislodge the gun because he can fire so rapidly and has so many bullets. >> that kind of magazine jammed during the shooting spree. they're notori
to release more key data including june figures tomorrow and second quarter gdp figures on friday. joining us now nor is associate director at taiji. walk us your biggest concern. >> clearly it's the eurozone and the united states, but just briefly on china you mentioned that the inflation data there was relatively slow. not necessarily. inflation itself, inflation or deflation doesn't really show necessarily how much the economy is growing or contracting. i mean certainly we know anyway that the purchasing managers index has been or producing price index as been going better. in part that's due to a drop in commodity prices so doesn't necessarily show you that the economy itself is slowing that much. in manufacturing as we know the figures for june were just about 50% but still that's not contracting either. in the u.s. who can be surprised that there's some issue with manufacturing growth, there's a lot of going to europe and united states. in june the service sector numbers, they were very strong and in fact you had the number coming in at 67.7, fastest growth in three months and 43% of th
nuclear weapons program, you give us legitimacy for what we are doing and a broad an deep nuclear program and we'll be satisfied if assad falls, that would be a disastrous deal for the west but it is one iran could well angle for and tying it all together is very much behind the idea of hosting peace talks among the syrian factions. >> eric: do you think that is a deal the obama administration would take? and could be offered? >> well, let me be clear. i think it is a disastrous deal but yes, i think the obama administration would be inclined to take it. since their diplomacy, both with respect to iran's nuclear weapons program and the ongoing civil war in syria, has been such a failure. being able to amass a successive diplomacy would give them something, even though the end result i think would be very, very risky for the united states and israel and our arab friends in the region serving it comes as the panetta report came out which is troubling, potentially, they are developing a missile that they think could hit the united states within three years. i mean, that report, ambassador, w
nations involved, thereby, denying the united states an opportunity to intervene. but the u.s. has been pushing china to join a multi-lateral framework with asean claimants to draw up legally binding code of conducts. u.s. engagement with groups such as the asean regional forum reflects a shift in foreign policy under the obama administration. the asia-pacific is now the focus of american economic and military strategy. that means potential flash points including the south china sea are of increasing concern to washington, especially when it comes to the military presence of china. nhk world's anthony yazaki reports. >> reporter: u.s. secretary of state hillary clinton arrived in phnom penh on wednesday afternoon. the first item on the agenda was a meeting with the foreign minister from asean where they exchanged views on the region's most delicate topic, the territorial disputes over the south china sea. >> i ask in my country why i put so much emphasis on asean, i tell them we work with asean on issues of central importance to the united states from maritime security to economic growt
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